Written by students who passed Immediately available after payment Read online or as PDF Wrong document? Swap it for free 4,6 TrustPilot
logo-home
Previously searched by you
Previously searched by you
logo
To add items to your wishlist, you must be logged in
Exam (elaborations)

Financial Planning and Control Memorandum ( )

Rating
-
Sold
1
Pages
11
Grade
A+
Uploaded on
28-07-2022
Written in
2021/2022

MANCOSA Financial Planning and Control Memorandum for the 4th of July 2022

Institution
AAA School Of Advertising (aaaschool)
Course
Bachelor of Business Administration (BBA)

Content preview

FINANCIAL PLANNING AND CONTROL
JULY 2022

MEMORANDUM




PREPARED BY: MTHOMBENI
0767297208

, QUESTION 1
1.1

MIDAS ENTERPRISES
STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2022
R
Sales 11000000
Cost of sales (6325000)
Gross profit 11000000/100X42.5 4675000

Variable selling and administrative 1500000+10% or (1650000)
1500000X110%
Fixed selling and administrative expenses 500000+160000 (660000)
Net profit 2365000


1.2
STAEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2022

ASSETS
Non-current assets 1010000
Property, plant, and equipment 1010000
(800000+400000-30000-160000)
Current assets 4853000
Inventories 1600000
Accounts receivable 2875000X10% 287500
Cash 2965500

TOTAL ASSETS 5863000

EQUITY AND LIABILITIES
Equity (3760000+2365000-1527000) 4598000

Current liabilities 1265000
Accounts payable 6325000+1600000- 1265000
1600000=6325000X20%

TOTAL EQUITY AND LIABILITIES 5863000




1
Report Copyright Violation

Written for

Institution
AAA School of Advertising (aaaschool)
Course
Bachelor of Business Administration (BBA)

Document information

Uploaded on
July 28, 2022
Number of pages
11
Written in
2021/2022
Type
Exam (elaborations)
Contains
Questions & answers

Subjects

  • financial planning and control
  • bachelor of business administration

More courses for AAA School of Advertising (aaaschool) >

R133,00
Get access to the full document:
Wrong document? Swap it for free Within 14 days of purchase and before downloading, you can choose a different document. You can simply spend the amount again.
Written by students who passed
Immediately available after payment
Read online or as PDF
Get to know the seller
Seller avatar
Reputation scores are based on the amount of documents a seller has sold for a fee and the reviews they have received for those documents. There are three levels: Bronze, Silver and Gold. The better the reputation, the more your can rely on the quality of the sellers work.
TheTeachingMachine
4,5
(205)

Get to know the seller

Seller avatar
Reputation scores are based on the amount of documents a seller has sold for a fee and the reviews they have received for those documents. There are three levels: Bronze, Silver and Gold. The better the reputation, the more your can rely on the quality of the sellers work.
TheTeachingMachine University of Johannesburg
View profile
Follow You need to be logged in order to follow users or courses
Sold
1153
Member since
5 year
Number of followers
791
Documents
98
Last sold
6 months ago

4,5

205 reviews

5
153
4
28
3
11
2
5
1
8

Why students choose Stuvia

Created by fellow students, verified by reviews

Quality you can trust: written by students who passed their exams and reviewed by others who've used these notes.

Didn't get what you expected? Choose another document

No worries! You can immediately select a different document that better matches what you need.

Pay how you prefer, start learning right away

No subscription, no commitments. Pay the way you're used to via credit card or EFT and download your PDF document instantly.

Student with book image

“Bought, downloaded, and aced it. It really can be that simple.”

Alisha Student

Working on your references?

Create accurate citations in APA, MLA and Harvard with our free citation generator.

Learn more Create citation
Working on your references?

Frequently asked questions